Cenntro enters $3.93M private placement; 1M shares at $3.93

Cenntro Inc.

Gross proceeds of ~$3.93M from sale of 1M shares at $3.93 per share (May 12 closing price).
Offering exempt under Regulation S; shares restricted and not registered under Securities Act.
Proceeds will be used for working capital and general corporate purposes.
May 19 amendment allows purchasers to subscribe using stablecoins.
Closing conditions still unmet; no shares issued as of report date (May 19, 2026).

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